Is Your Spouse Hiding Financial Assets?

Is Your Spouse Hiding Financial Assets?

Are you in the midst of divorce, and suspect your spouse is hiding financial assets?

If you feel your spouse is hiding financial assets from you, don’t panic. There are ways to obtain this information.

Did you know in the state of Utah, both parties must disclose all accounts and incomes? In fact, if one party fails to disclose financial documents, they could be held in contempt of court.

Unfortunately, these measure do not always stop one spouse from trying to hide assets from the other. As can be seen in this 2012 Forbes article: Divorcing Women: Here’s Where Husbands Typically Hide Assets

You might be wondering, how can I stop this? There are several strategies you could implement to keep your spouse honest during your divorce.

Once a divorce case has begun, each spouse has the power to obtain documents through the discovery process. This can include the following; submitting interrogatories, request for production of documents, and request for admissions or subpoenaing financial institutions directly.

If further discovery is necessary, they may also consider hiring a forensic accountant, private investigator, or vocational expert.

Bottom line, it is critical you do not sign anything until you have a full picture of your marital assets.

Don’t navigate your divorce alone, let us help ensure you have what you need to thrive in your next chapter. Schedule your free 30 minute consultation today!